Krugman AP Macroeconomics Module 17
Subject:
Economics [1]
Tags:
economics [2]
demand [3]
macroeconomics [4]
Consumer theory [5]
Aggregate demand [6]
AD-AS model [8]
Business [10]
behavior [11]
Human development [12]
Love [14]
Psychoanalysis [15]
Human behavior [16]
Attachment theory [17]
Evolutionary biology [18]
Personal life [19]
Technology [20]
Module 17: Aggregate Demand -How the aggregate demand curve illustrates the relationship between the aggregate price level and the quantity of aggregate output demanded in the economy -How the wealth effect and interest rate effect explain the aggregate demand curve?s negative slope -What factors can shift the aggregate demand curve Aggregate Demand Curve: shows the relationship between the aggregate price level and the quantity of aggregate output demanded Downward sloping: wealth effect of a change in the aggregate price level and the interest rate effect of a change in the aggregate price level Negative relationship between the aggregate price level and the quantity of aggregate output demanded